NISM Series II-B Mock Test: Registrars to an Issue and Share Transfer Agents – Mutual Fund
Up to 30 full-length mock tests of 100 questions each, built on the official syllabus, with an explanation for every answer.
About the NISM Series II-B exam
NISM Series II-B focuses on RTAs that service mutual funds — investor KYC, purchase and redemption processing, NAV application, SIP/STP/SWP handling, folio maintenance, statements and non-financial service requests.
Who should take it: Operations staff at RTAs and AMCs who process mutual fund transactions and investor service requests.
NISM Series II-B exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 120 minutes |
| Passing score | 50% |
| Negative marking | −0.25 mark per wrong answer |
Indicative pattern. Exam bodies revise patterns — confirm the details in the latest official notification before your exam.
Syllabus covered in our NISM Series II-B question bank
Our 50-question bank for NISM Series II-B covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Introduction to Securities2 practice questions
- Characteristics of Equity Shares2 practice questions
- Characteristics of Debt Securities2 practice questions
- Characteristics of Other Securities2 practice questions
- SEBI – Role and Regulations3 practice questions
- Basics of Registrars and Transfer Agents4 practice questions
- Registrar and Transfer Agents Regulations3 practice questions
- Basics of Mutual Funds3 practice questions
- Mutual Fund Structure and Constituents4 practice questions
- Mutual Fund Products4 practice questions
- Operational Concepts of Mutual Funds5 practice questions
- Investors in Mutual Funds3 practice questions
- Banking Operations in Mutual Funds3 practice questions
- Financial Transactions5 practice questions
- Non-Financial Transactions5 practice questions
Free NISM Series II-B sample questions
Try five questions from our bank. Each mock test gives you 100 like these, with your score, chapter-wise analysis and explanations at the end.
Which of the following is a money market instrument?
- Treasury bill
- Equity share
- Ten-year government bond
- Convertible debenture
Show answer & explanation
Answer: A. Treasury bill
T-bills are short-term government securities with maturities under one year, which makes them money market instruments.
Which of the following is a right typically enjoyed by equity shareholders?
- Repayment of capital on a fixed maturity date
- Priority over creditors on liquidation
- A fixed rate of dividend every year
- Voting on resolutions at general meetings
Show answer & explanation
Answer: D. Voting on resolutions at general meetings
Equity shareholders own the company and vote; dividends are not fixed and they rank last on liquidation.
Credit risk in a debt security refers to the risk that:
- Inflation may erode real returns
- The security may not be easy to sell
- The issuer may fail to pay interest or principal on time
- Interest rates in the market may rise
Show answer & explanation
Answer: C. The issuer may fail to pay interest or principal on time
Credit (default) risk is about the issuer's ability to meet payment obligations.
A security with features of both debt and equity, such as a convertible debenture, is described as a:
- Pure equity instrument
- Derivative
- Money market instrument
- Hybrid instrument
Show answer & explanation
Answer: D. Hybrid instrument
Convertibles start as debt and may convert into equity, so they combine features of both.
Mutual funds in India are regulated by SEBI under the:
- Insurance Act, 1938
- SEBI (Mutual Funds) Regulations, 1996
- Banking Regulation Act, 1949
- SEBI (Portfolio Managers) Regulations, 2020
Show answer & explanation
Answer: B. SEBI (Mutual Funds) Regulations, 1996
SEBI regulates mutual funds through the SEBI (Mutual Funds) Regulations, 1996.
NISM Series II-B mock test plans
Every plan unlocks one full-length mock test per day of the plan. Prices include GST.
| Plan | Mock tests | Questions | Price |
|---|---|---|---|
| 10 Days | 10 mock tests | 1,000 questions | ₹199 incl. GST |
| 15 Days | 15 mock tests | 1,500 questions | ₹279 incl. GST |
| 20 Days Popular | 20 mock tests | 2,000 questions | ₹349 incl. GST |
| 30 Days Best value | 30 mock tests | 3,000 questions | ₹449 incl. GST |
Official study material
Links open the official website. We do not host or alter official material.
NISM Series II-B mock test FAQs
How many questions are there in the NISM Series II-B exam?
The NISM Series II-B paper has 100 multiple-choice questions for 100 marks, to be completed in 120 minutes. This is the indicative pattern — always confirm it in the latest official notification.
Is there negative marking in NISM Series II-B?
Yes. −0.25 mark per wrong answer (25% of the marks for that question). Our mock tests apply the same rule.
What is the pass mark for NISM Series II-B?
You need 50% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series II-B mock tests do I get?
One full-length mock test is unlocked for each day of your plan: 10, 15, 20 or 30 mock tests on the 10 Days, 15 Days, 20 Days or 30 Days plans. You can retake any unlocked test while your plan is active.
Are these the actual exam questions?
No. Every question is an original practice question written to match the official syllabus and the exam's style. Reproducing real exam questions is not permitted, and we do not do it.
Where can I get the official NISM Series II-B study material?
NISM provides the latest workbook free of cost on its official portal after a short registration. The link is in the Official study material section on this page.